The decline in the share prices of the dominant counters at the bourse, Bralirwa and Bank of Kigali, has led to a fall in the Rwanda Stock Exchange Share Index.

The index dropped by 2.58 points yesterday to close at 263.96 points compared to 266.54 points the previous Tuesday.

Although Bank of Kigali was the dominant counter last week, the bank’s share price shed Rwf6 to close at Rwf344 yesterday, a decline compared to Rwf350 last Tuesday.

Bralirwa, on the other hand shed Rwf5 over the week to close at Rwf860 yesterday from Rwf865 last week.

Kenya Commercial Bank, Nation Media Group, and Uchumi shares last transacted at Rwf185, Rwf1,200 and Rwf175, respectively.

The total turnover for the day was Rwf24.85m from 4,000 Bralirwa and 62,500 Bank of Kigali shares traded in five deals. This was an increase from Rwf13.65m realised last Tuesday.

There were outstanding offers of 2.6 million Bank of Kigali shares at between Rwf344 and Rwf365 yesterday, while on the Bralirwa counter, there were outstanding offers of 93,600 shares at between Rwf875 and Rwf890.

The Kenya Commercial Bank counter had bids for 12,500 shares at between Rwf175 and Rwf180 while the Nation Media Group had outstanding bids of 1,000 at Rwf1,200. The Uchumi counter had bids for 100 shares at Rwf170.